Business Current Accounts

Help your business grow by choosing the right business bank account for you. Compare the best business current accounts available from the major high street banks and internet providers for the latest features and introductory offers.

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Compare Business Current Accounts

AccountAEROverdraft
Facility
Free
Transactions
FeeFeatures
Barclays
Business Start Ups Account
0%
Free*
  • Free business banking for up to 24 months.
  • Free automated transactions when free business banking period ends.
  • Free day-to-day support from Barclays Business Team by phone 24/7.
MORE INFO
*Free business banking for up to 24 months
NatWest
Business Startups Account
0%
Free*
  • Two years' free Business Banking saving you £480
  • £500 fee-free overdraft in the first year (Subject to status. Over 18s only.)
  • Mentor Aware - help to manage your risks with employment Law and Health & Safety support tool worth £360
  • No annual fee on your credit card for the first 12 months - saving you £32 per card.
MORE INFO
Call Direct
0333 355 9429
*Two years' free Business Banking saving you £480 - £6 monthly thereafter
Lloyds TSB
Commercial Current Account
0%
Free*
  • 18 months free day-to-day banking.
  • Support from a named relationship manager.
  • No limit on deposits or withdrawals and no minimum account balance required.
MORE INFO
*18 months free day-to-day banking - £5 monthly thereafter
Santander
Business Start-Up Current Account
0.25%
Free
  • 12 months free banking or 18 months free with the Santander Business Start-up Extra if you have a personal Santander Bank Account.
  • Non- standard account transactions such as CHAPs and Change Giving may be charged.
MORE INFO
12 months free banking or 18 months free with the Santander Business Start-Up Extra
RBS
Business Startups Account
0%
Free*
  • Two years' free Business Banking saving you an average of £336 over 2 years
  • £500 fee-free overdraft in the first year (Subject to status. Over 18s only.)
  • Mentor Aware - help to manage your risks with employment Law and Health & Safety support tool worth £360
  • No annual fee on your credit card for the first 12 months - saving you £32 per card.
MORE INFO
Call Direct
0333 355 8171
*Two years' free Business Banking saving you an average of £336 over 2 years - £5 monthly thereafter
Barclays
Business Switcher Current Account
0%
Free*
  • Free business banking for up to 24 months.
  • Overdraft facility up to £25k (T&C's apply)
  • Free day-to-day support from Barclays Business Team by phone 24/7.
MORE INFO
*Free business banking for up to 24 months - £5.50 monthly thereafter
Lloyds TSB
Commercial Current Account Switcher
0%
Free*
  • Smooth move or £50 money back guarantee.
  • Six months free day-to-day banking.
  • No limit on deposits or withdrawals and no minimum account balance required.
MORE INFO
*Six months free day-to-day banking - £5 monthly thereafter
Santander
Business Tariff Accounts
0%
£7.50+
  • Tariff (Monthly cash deposit limits)
  • £7.50 - £1,000 then £0.50 per £100
  • £12.50 - £3,000 then £0.50 per £100
  • £20.00 - £5,000 then £0.50 per £100
MORE INFO
Access to a Local Business Manager offering expert advice
Cashplus
SME Business Account
0%
£29.99 per year
  • Low cost - only £29.99 per year
  • Free to send and receive bank transfers
  • Free to pay in cash
  • Fees do not change after 2 years
MORE INFO
No credit checks or interview required - instant online application

Easy Access Business Savings Accounts

Account Interest (AER)

The account’s Annual Equivalent Rate: shows the interest you will earn over a year as a percentage. If interest is paid monthly, this rate will be higher than the gross interest rate (as the interest will be compounded).

Interest Paid

This shows how often the interest is calculated and paid.

Account
Type / Term

Type of savings account and length of account term (if applicable).

Account Access

Online - Access via internet banking.
Telephone - Access via telephone banking.
Branch - Access via your local branch.
Post - Postal access.

Min / Max
Balance

Some accounts have minimum and maximum balances. If the account holder’s balance falls outside these limits they may be subject to interest penalties or account closure.

Bank of Cyprus UK
Business 95 Day Notice Account
2.02%
  • AER dependent on balance:
  • £1k+ = 1.76%
  • £95k+ = 2.02%
Monthly 95 Day Notice AccountOnlineTelephoneBranchPost£1,000 -
£5,000,000
MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit£1,000
Permanent UK ResidentYes
Manchester Building Society
Business Tracker (Issue 2)
1.60%
  • AER tracks at 1.10% above the Bank of England Base Rate until 30th June 2014.
Yearly45 Day Notice AccountOnlineTelephoneBranchPost£10,000 -
£75,000
MORE INFO
Aldermore
Easy Access Business Savings Account
1.50% Monthly / YearlyEasy AccessOnlineTelephoneBranchPost£1,000 -
£1,000,000
MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit£1,000
Permanent UK ResidentYes
Minimum Age18
Existing CustomerNo

asteriskAccounts with an asterisk next to the AER interest have a bonus applied to the interest rate, place your mouse cursor over the asterisk to view the bonus.

Fixed Term Business Savings Accounts

Account Interest (AER)

The account’s Annual Equivalent Rate: shows the interest you will earn over a year as a percentage. If interest is paid monthly, this rate will be higher than the gross interest rate (as the interest will be compounded).

Interest Paid

This shows how often the interest is calculated and paid.

Account
Type / Term

Type of savings account and length of account term (if applicable).

Account Access

Online - Access via internet banking.
Telephone - Access via telephone banking.
Branch - Access via your local branch.
Post - Postal access.

Min / Max
Balance

Some accounts have minimum and maximum balances. If the account holder’s balance falls outside these limits they may be subject to interest penalties or account closure.

Aldermore
1 Year Fixed Rate Business Savings Account
2.00% Monthly / On MaturityFixed Rate / 1 YearOnlineTelephoneBranchPost£1,000 -
£1,000,000
MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Permanent UK ResidentYes
Minimum Age18
Bank of Cyprus UK
Business FlexiBond
1.95% On MaturityFixed Term / 1 YearOnlineTelephoneBranchPost£10,000 -
£1,000,000
MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit£10,000
Aldermore
6 Month Fixed Rate Business Savings Account
1.60% Monthly / On MaturityFixed Term / 6 MonthsOnlineTelephoneBranchPost£1,000 -
£1,000,000
MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Permanent UK ResidentYes
Minimum Age18
NatWest
Business Unbreakable Fixed Rate Deposit
1.25% On MaturityFixed Term / 12 Months OnlineTelephoneBranchPost£5,000 -
No limit
MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit£5,000
Call Direct
0800 084 3786
NatWest
Business 12 Month General Fixed Rate Deposit
1.10% On MaturityFixed Term / 12 Months OnlineTelephoneBranchPost£5,000 -
No limit
MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit£5,000
Call Direct
0800 084 3786
NatWest
Business 6 Month General Fixed Rate Deposit
0.90% On MaturityFixed Term / 6 MonthsOnlineTelephoneBranchPost£5,000 -
No limit
MORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Deposit£5,000
Call Direct
0800 084 3786

asteriskAccounts with an asterisk next to the AER interest have a bonus applied to the interest rate, place your mouse cursor over the asterisk to view the bonus.

More about business current accounts

If you run your own business, you could probably benefit from opening a specialist, dedicated current account for your company. Offered through all of the usual banks and building societies such as Barclays, Lloyds, Natwest, Santander and more along with specialist providers, business bank accounts offer debit cards, overdraft facilities, cheque books and automated payments such as direct debits and standing orders, just like a personal account does.

Over and above this, a business bank account usually offers a range of additional benefits. These can include change facilities, the option of a much higher overdraft, access to business guides and training materials, the use of communal meeting rooms and business-class travel facilities, foreign exchange rate discounts, fast international payments and insurance.

Although there is no legal obligation for companies to hold an actual business bank account, it is vital that the business's monetary affairs are kept separate from personal ones. However, if you are a start-up company or you work as a sole trader and do not think you need any of the additional benefits that a business account offers, a separate personal account will suffice.

Anybody that runs a company of any size is usually eligible to apply for a business bank account, though credit rating restrictions will apply. Some banks provide different accounts depending on the size or type of the business.

The most basic business banking accounts are free. For anything more complicated you'll pay either a flat monthly fee, pay-as-you-go by the transaction or a mixture of both.

Click here to find out more about business bank accounts with Know Your Money's guide.